Where would you recommend FP&A teams utilize AI?

ChatGPT is a great tool to get FP&A teams working with AI; it's a fantastic prompt to help analysts with apprehension around AI to use it in a low risk way to learn a new tool or get a first draft of a communication.

After getting over the initial barrier of AI/ML I believe it is all about encouraging innovation and experimentation. If an analyst has an idea that they think is valuable, follow the 20% concept from google and let them experiment.

Just make sure you provide the support network for data security with your IT teams.

I’ve been seeing more applications of AI machine learning algorithms and more data scientists. I’ve seen a few different companies create tools that they're calling a financial analyst or junior analyst using that ChatGPT-type logic to answer questions. I think there are a lot of areas that can be used and should be used. You can use it to help write Excel formulas, code, putting data in it and it will tell you what kind of visual to use. You just need to be careful what data you're feeding it because you should treat it the same privacy-wise, as you would treat anything else on the Internet. You don't want to give IT company data.